X lands money licenses in Illinois, New Mexico
Payments Dive
MARCH 27, 2024
The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.
Meta’s payment plays may pay off this year: report
Payments Dive
MARCH 20, 2024
A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.
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HSBC To Staff: Stay Off Bank’s Social Media Accounts
PYMNTS
SEPTEMBER 21, 2020
21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept.
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Will Our Love-Hate Relationship With Social Media Ever Break?
PYMNTS
APRIL 5, 2019
consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. Yet those same people find it hard to quit the Facebook, Twitter and social media platforms.
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Consumers Value Their Social Media But Put Security Onus On Companies
PYMNTS
NOVEMBER 17, 2016
Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.
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Can CBANC Crack the Bank Social Media Riddle?
Bank Innovation
APRIL 13, 2016
billion Facebook users (give or take a few million), it’s clear banks can’t keep their employees from social media. That opens bank systems to attacks via phishing and social engineering. But social media can also be useful for networking and tapping Read More.
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New Ransomware Uses Social Media, Demands Payment in Bitcoin
Bank Innovation
NOVEMBER 29, 2016
A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.
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Executive Order Looms For Social Media Firms On Content?
PYMNTS
AUGUST 19, 2019
The summary, according to the site, would direct the FCC to develop new regulations that would detail how the law may protect social media platforms as they move to take content off their sites – and to take those new regulations into account when investigating or filing suit against those firms. In the UK, Too.
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Social Media Can Make Bank Customers Susceptible To Scams
PYMNTS
JUNE 8, 2018
Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. Though a person close to the bank’s investigations into the frauds said it’s hard to tell how criminals find account information, social media activity can present a problem.
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Social Media Usage Increases In Q1 Despite Facebook’s Data Scandal
PYMNTS
APRIL 18, 2018
Despite Facebook’s data scandal with Cambridge Analytica, the number of people that are using social media platforms increased by more than 100 million during the first quarter of 2018. billion people around the globe using social media. According to an analysis by TheNextWeb , as of the end of March there were 3.3
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105 Regulators Eyeing Social Media In Europe
PYMNTS
MAY 21, 2018
Against the backdrop of social media controversy — remember Facebook , of course, and 87 million users’ data exposed to Cambridge Analytica — oversight is tightening in Europe.
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Cybersecurity Awareness Month: How financial institutions can stay safe and secure online
Abrigo
OCTOBER 19, 2023
It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World. Stay up to date with cybersecurity threats.
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023
Perficient
FEBRUARY 2, 2023
Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.
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Deposits, Deposits, Wherefore Art Thou? Juliet’s banker.
Perficient
JUNE 7, 2023
Positives (Or Less Negative Than Before) Unrealized losses on held-to-maturity securities totaled $284.0 Unrealized losses on available-for-sale securities totaled $231.6 Uses social media and market sentiment analytics to assess market sentiment and generate prescriptive insights on threats to brand reputation.
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How merchant social media gateways became new fraud traps
Payments Source
DECEMBER 7, 2020
Crooks are hiding payment skimmers within plain sight on retailer websites, using social contact buttons in a way that's hard for security protection to spot.
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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data
PYMNTS
APRIL 7, 2017
This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Honorable Mention.
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India Mulls Requesting eCommerce, Social Media Players To Store Customer Data Locally
PYMNTS
JULY 30, 2018
India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.
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Inside The Fight For Digital Driver’s Licenses
PYMNTS
FEBRUARY 10, 2020
In the February Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including digital driver’s license initiatives around the country, biometric solutions for credit cards and the growing danger of fake profiles on social media. Deep Dive: How Fake Profiles Endanger Social Media Networks.
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PCI Pal Launches Secure Digital Payments Platform
PYMNTS
JANUARY 28, 2020
Secure payments provider PCI Pal launched a new digital service on Tuesday (Jan. 28) that will let organizations offer ultra-secure payments across a multitude of channels, from social media to email and everything in between. Using the service, customers will be able to pay securely through any channel.
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How Digital Tools Change The Security Landscape
PYMNTS
JUNE 13, 2019
Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims.
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Facebook To Add Two-Factor Authentication To Some Accounts
PYMNTS
DECEMBER 22, 2020
Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS.
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Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies
Perficient
APRIL 3, 2024
According to Forrester, critical event intelligence is defined as an “Intelligence that uses real-time data from sources such as social media, blogs, news feeds, online forums, IP addresses, latitude and longitude, and device GPS to assess potential threats from location-specific events, especially for physical risk.” .”
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Identity As A Service To The Rescue
PYMNTS
FEBRUARY 13, 2020
Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.
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US Treasury Secretary Sees Libra As National Security Threat
PYMNTS
JULY 16, 2019
Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.
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Upcoming FTC Workshop to Address Advertising and Data Security
CFPB Monitor
SEPTEMBER 22, 2020
The workshop will cover a broad array of topics within the FTC’s jurisdiction, including truth-in-advertising law, social media marketing, data security, business-to-business fraud, and other business basics. The Truth About False Advertising (an overview of the FTC’s truth-in-advertising expectations).
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Keep your account information secure
Current
AUGUST 5, 2020
Our members' privacy and security is extremely important to us and we want to be sure all our members keep their accounts safe from scammers, who may impersonate Current on social media or any other platform. Please know we are reporting all of these to the various social media platforms to have them removed.
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Twitter’s hack shows the danger of tying authentication to social media
Payments Source
JULY 16, 2020
What made the attack on famous Twitter accounts so problematic wasn’t the high profile of its victims, but the non-technical and repeatable method the assailants used.
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Connect, Share and Like–Social Media Changed How Journalists and Companies Interact
William Mills
JUNE 8, 2017
In just a short decade, social media has grown from a couple of platforms connecting music fans and college students to the de facto channel of communication for millions of people every day. How pervasive has social media become? Social Media is for Building Relationships, Not Spamming Ideas.
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Fraud in UK at level where it ‘poses national security threat’
TheGuardian
SEPTEMBER 22, 2021
UK Finance said fraudsters had capitalised on the coronavirus pandemic, with criminals targeting children as young as 14 via social media to become money mules. Continue reading.
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Craigslist Founder Invests $5M In Former Facebook Exec’s Security Project
PYMNTS
JULY 28, 2019
A $5 million gift from Craiglist’s Craig Newmark Philanthropies will support a new program, led by former Facebook security expert Alex Stamos. Stamos, who left Facebook last August, called the power given to social media companies to police election issues “insane.”.
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The eCase For Liberating $190B In Rental Security Deposits
PYMNTS
JUNE 6, 2019
Social media platform Facebook is set on further innovating WhatsApp features with a new U.K.-based Why Cash Security Deposits Should Be the Exception to the Rule. The Fed is still debating whether or not it should even take an active role in real-time payments, even as it continues to roll out ACH settlement windows.
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Facebook Threatens EU Pullout As Data Sharing Comes Under Scrutiny
PYMNTS
SEPTEMBER 21, 2020
In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. according to Metro. according to Metro. That could prove to be “immensely complicated,” the Times reported, and likely highly expensive.
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230 Instagram Invites Security Experts To Hack Its Checkout Feature
PYMNTS
AUGUST 20, 2019
Instagram is inviting a group of security researchers known as white hat hackers to stress-test its Checkout feature before it launches outside the United States. While Instagram has assured users that Checkout payments are secure, adding that it never shares payment information with sellers and keeps financial information on secured servers.
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Deep Dive: Using Phone Verification And Text Messaging For Secure Checkouts
PYMNTS
NOVEMBER 26, 2020
Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . It also outlines some of the frictions entities face when doing so. .
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Squarespace Announces IPO Plans; Files Confidentially With SEC
PYMNTS
JANUARY 28, 2021
Squarespace announced that it had applied for a confidential registration to go public with the Securities and Exchanges Commission (SEC), a release says. The brief press release doesn't constitute an offer to sell and doesn't mean there's any offer to buy securities on the table.
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160 Fraudsters Target Financial Services with Small Stealth Attacks
Bank Innovation
APRIL 17, 2017
According to a report by DataVisor– a big data security analytics provider– fraudsters are most active on social media platforms (no surprise there), and have to launch thousands of attacks on the platform in order to make a […].
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Social Shopping Struggles With The Burden Of Potential
PYMNTS
FEBRUARY 3, 2020
However, 8 percent of Cyber Monday visits did originate from social media, an increase of 17.5 It comes from WBR Insights , which credits customer engagement via social media. Brand advertisers, it says, need to justify social media ROI. percent from the prior year. We’ve identified three.
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144 Facebook wants its cryptocurrency to one day rival the greenback
Bank Innovation
JUNE 18, 2019
unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. Facebook Inc.
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Twitter Stock Down As Worries Grow Over Hacking
PYMNTS
DECEMBER 18, 2018
According to a report in Reuters , citing a blog post by Twitter , the social media company said it discovered the traffic to a customer support forum while looking into a security hole that makes user data, such as phone country codes, accessible to hackers. Twitter said it fixed that security vulnerability on Nov.
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Is $1,000 Enough To Leave Facebook for a Year? (And Does it Even Matter?)
PYMNTS
JANUARY 3, 2019
You can be sure that one area of regression involves social media. New research, in fact, supports that idea — specifically, the high value that consumers attach to Facebook , and the high cost it would take to make them leave the social media platform. But that doesn’t mean consumers plan to leave Facebook anytime soon.
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FB Libra Offers Security Bounty Of Up To $10K To Flag Code Flaws
PYMNTS
AUGUST 27, 2019
As regulators call for a delay of the social media giant’s cryptocurrency project, Facebook is moving forward, pointing to the bug bounty program as evidence it is taking security seriously. “We They’re offering up to $10,000 to anyone who can find code flaws in projects developed on the foundation’s testnet.
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Top 10 Crypto scams to look for in 2023
Abrigo
JANUARY 4, 2023
According to the FTC, the top ten crypto fraud trends to watch in 2023 are: Investment scams: Investment scams come with "get rich quick" and "no risk" promises, often initiated through social media or online dating apps. Securities and Exchange Commission (SEC) governs crypto assets that could be considered securities.
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Millions Of TikTok, Instagram, YouTube Profiles Breached
PYMNTS
AUGUST 20, 2020
A database of nearly a quarter-million YouTube, Instagram and TikTok public profiles that was held by a now-shuttered company called Deep Social has made its way onto the Dark Web, The Next Web reported on Thursday (Aug. The news site attributed information about the data exposure to researcher Bob Diachenko of security firm Comparitech.
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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
PYMNTS
AUGUST 7, 2019
CEO Evan Spiegel outlined profitability goals for 2019 in a memo last year and as of June 30, the company had more than $335 million in cash and equivalents and $849 million in marketable securities. Its stock is up 181 percent year to date. . The debt offering will take the form of convertible senior notes set to mature on Aug.
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